Tag: FX

The latest figure marked a sharp rise from $3.99 billion at the end of 2023.

The new deadline is now set for 30 May

The Financial Services Industry measured by volume led the activity chart with 2.336 billion shares valued at N33.014 billion.

Despite challenges such as difficult terrain, extreme inflation, rising input costs, and FX volatility, Julius Berger Plc has continued to ...

Mr Edun said this initiative, made possible by Mr Tinubu, has enabled market pricing of petroleum products and foreign exchange.

The bank said the new system would be implemented not later than 1 December, 2024.

"We must recognise that without resolving the underlying economic fundamentals, we will continue to sub-optimise," Mr Cardoso said.

The sale conducted on Tuesday highlights the Central Bank’s commitment to stabilising the foreign exchange market and ensuring effective price ...

The transactions were conducted within an exchange rate range of N1,498.00/$1 to N1,530.00/$1.

Mr Benson, in his motion, said some banks are sabotaging the efforts of the central bank to halt the slide ...

The lawmakers said the CBN policy will have a negative impact on local production by exposing the Nigerian market to ...

The IMF said global headline inflation is expected to steadily decline from its peak of 8.7 per cent in 2022 ...

The lawmakers also said there is a need for the CBN to tackle the depreciation of the naira while clamping ...

Mr Ogu said the president made the announcement of the subsidy removal without putting an alternative plan in place to ...

Food prices have been on the rise across Nigeria in recent years.

The food inflation rate increased to 26.98 per cent in July from 25.25 per cent in June.

"So, we called on the government to help in finding a window where these issues of dollars are resolved, and ...

The CBN disclosed this in a press statement after deliberating at an extraordinary Bankers’ Committee meeting